“The sukuk wakalah programme will provide us with adequate funds for our working capital and capital expenditure requirements, in support of the ongoing expansion of our international operations, ” Brandon Tay Hoe Lian, managing director and CEO of GCB, said in a press release. (File pic shows Tay with some Guan Chong products.)
PETALING JAYA: The world’s fourth largest cocoa grinder Guan Chong Bhd
(GCB) is undertaking a sukuk exercise for its future expansion plans.
It is establishing an Islamic medium term notes programme (sukuk wakalah) of up to RM800mil in nominal value.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
